Dubai's hedge fund community saw a significant 50% growth in 2024, with 75 funds now based in the emirate, according to a report by Fund Global MENA citing data from The Dubai International Financial Centre (DIFC).
As global players continue to establish a foothold in the region, the number of wealth and asset management firms also rose to 410, contributing to a 25% increase in total financial firm registrations, reaching 6,920.
Employment within Dubai's financial services sector grew by 10%, surpassing 45,000 workers.
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